One of the basics to a solid financial life is to have an emergency fund should something unexpected happen. If you’ve lived more than a few years, you know that things can and will happen all of the time and the importance of having an emergency fund is undeniable. But issues arise when you start […]
We all want more money, right? Who doesn’t? I am going to walk you through three things I do that lead to more wealth. The 3 Steps to More Wealth On the surface, each step sounds simple and basic, but they make a big difference in time. The key is making them each a habit […]
Five months ago, I signed up for the automated savings tool Digit. Digit analyzes your spending daily and makes transfers out of your account little by little into your Digit savings account. Digit takes into account pay days, rent, recurring bills, spending patterns, and average balance. I was intrigued by their math and decided to […]
Happy New Year! Many of us plan to start the year with a blank slate. We set new goals and renew our focus on previously abandoned goals. Do you have any financial resolutions this year? Are you still working on them? Here are some of our favorite ways to tackle the new year financially. It’s […]
Most of us have heard the saying “work smarter, not harderâ€. This simply means to find the best way to be as efficient as possible. As such, many times we make this a habit at our jobs. We work to get the most done while at the same time putting out as little energy as […]
How to Find and Save Money with Digit
Posted byDigit is an automated savings tool. While that sounds a little boring on the surface, I’m intrigued by the math that is running the show. Essentially Digit is analyzing your spending daily and calculating how much they can “painlessly” transfer to savings, little by little each week. Digit states their free service is a “journey […]
Years ago, in the fall after graduation, I had been out of college for five months and working full time for three. I was making more money than I ever had in my life, and had no idea what to do with it. Then I read The Automatic Millionaire and The Money Book for the […]
30 Money Saving Tips
Posted byMy Dollar Plan readers have lots of great ideas when it comes to saving money. I asked readers to share their money saving tips. The responses were terrific! One of my favorites is Brian’s idea to wait at least 30 days before making major purchasing decisions. There are so many times when I decide I […]
How to Calculate Your Net Worth
Posted byYour net worth is a great (and important) number to understand. It is a snapshot in time showing you how well you are doing financially. The good news is that it is rather easy to calculate too. All you need is a sheet of paper (or a spreadsheet) and some information about your finances. Even […]
35 Best Personal Finance Books
Posted byFive years ago My Dollar Plan readers shared their favorite personal finance books. It’s time to revisit the list of best personal finance books to give you some inspiration for your summer reading! There were more than 100 suggestions, so I picked out 35 to highlight. That should be more than plenty to get all […]